MAN - Why Workforce Solutions Company ManpowerGroup's Shares Are Trading Lower Today | Benzinga
ManpowerGroup (NYSE: MAN) shares are trading lower after the company reported third-quarter FY23 results.
Revenues from services declined 2.6% year-on-year to $4.676 billion, missing the analyst consensus of $4.70 billion. Revenues fell 5% at constant currency.
Challenging North American and European operating environments are the primary cause of revenue decline.
Gross profit decreased 6.4% Y/Y to $821.9 million with a gross margin of 17.6%.
Financial results in the quarter were also impacted by the weaker U.S. ...